Fund manager, Blue Sky Alternative Investments (ASX:BLA) has announced that KPMG is currently conducting an independent valuation of all assets managed by Blue Sky.
The valuation is part of the comprehensive valuation review process announced in April.
Blue Sky has confirmed that its currently reviewing its businesses to ensure each ahs scale, is of institutional grade and has competitive advantage.
The company’s shares have been hit hard after US short-seller Glaucas announced it was shorting the company earlier this year.
Shares in Blue Sky Alternative Investments (ASX:BLA) are trading trading 0.87 per cent higher a $2.33.